Infratil has issued twelve series of Bonds (four have been repaid) and there have been different factors behind each. The first issue in 1999 was of approximately $66 million and was used to purchase an interest in Wellington International Airport. Other issues have similarly been invested in assets Infratil has acquired.
Not usually. In certain extraordinary situations the holders of each class of Bonds may vote on matters that effect them.
The Bondholders' rights are set out in the Investment Statement. However as there are technicalities and complexities in some of the terminology contained in this description it is a good idea to talk with a professional adviser such as a broker or financial planner. The Bonds are not subordinated, but in certain situations Bondholders may not have priority claims to the assets owned by Infratil.
The Trustee is Trustees Executors Limited, Level 5 10 Customhouse Quay, Wellington. Telephone : 04 495 0999.
The terms of Infratil’s Bonds are set out in their individual prospectus and trust deeds (and summarised in the relevant Investment Statement). Each six months Infratil provides the Trustee with a certificate signed by directors confirming its position relative to the Bond covenants and with regards to general compliance with Bond terms. Infratil has always recorded conformity. Bondholders are welcome to contact the Trustee to confirm Infratil’s compliance.
ANZ NEW ZEALAND SECURITIES LIMITED
|Level 7, 1 Victoria Street
Free Phone (New Zealand): 0800 800 372
|Contact: David Speight
CRAIGS INVESTMENT PARTNERS
|Craigs Investment Partners House
158 Cameron Road
Freephone (New Zealand): 0800 272 442
FIRST NZ CAPITAL SECURITIES
|Level 39, ANZ Centre
23-29 Albert Street, Auckland
Free Phone (New Zealand): 0800 805 584
|Contact: Jo Hikaka
|Level 21, Vodafone on the Quay
157 Lambton Quay
Free Phone (New Zealand): 0800 367 227
|Contact: Max Brown
WESTPAC BANKING CORPORATION, NZ BRANCH
|PO Box 934,
Free Phone (New Zealand):0800 942 822
|Contact: Matt Plowman
Paul Ridley-Smith (Chairman) appt announced 18 December 2015 to take effect from 31 December 2015
Kevin Baker (Infratil) appointed 1 June 2018
Sam Knowles (Independent)
Geoff Swier (Independent)
Susan Paterson (Independent) appointed 27 August 2015
Dr Keith Turner (Independent) appointed 26 July 2019
Dr David Prentice (Independent) appointed 26 July 2019
The board of Perth Energy comprises:
Infratil usually has four appointees to Wellington Airport's Board and the City Council two.
At present Infratil's appointees are: Chairman, Tim Brown (Morrison & Co), Alison Gerry (infratil director appointed 2 February 2017), Jason Boyes (Morrison & Co) and Phil Walker (Morrison & Co).
The Council appointees are Andy Foster (appointed October 2016) and Wayne Eagleson.
Diversification is not one of Infratil's goals. Infratil aims to deliver on its absolute return target of 20% per annum after tax on a long term basis.
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